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(Loss) Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Dilutive Earnings (Loss) Per Share

The following table presents the computation of basic and diluted (loss) earnings per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Basic (Loss) Earnings per Common Share:
Net (loss) income attributable to Company			$	(115,277)					$	51,576					$	(261,023)					$	157,024
Less: Preferred Stock dividends			(10,493)						(11,272)						(31,478)						(31,865)
Less: Preferred Stock redemption charge			—						(3,443)						—						(3,443)
Net (loss) income attributable to Company's common stockholders			$	(125,770)					$	36,861					$	(292,501)					$	121,716
Basic weighted average common shares outstanding			377,078						379,395						379,677						379,193
Basic (Loss) Earnings per Common Share			$	(0.33)					$	0.10					$	(0.77)					$	0.32
Diluted (Loss) Earnings per Common Share:
Net (loss) income attributable to Company			$	(115,277)					$	51,576					$	(261,023)					$	157,024
Less: Preferred Stock dividends			(10,493)						(11,272)						(31,478)						(31,865)
Less: Preferred Stock redemption charge			—						(3,443)						—						(3,443)
Net (loss) income attributable to Company's common stockholders			$	(125,770)					$	36,861					$	(292,501)					$	121,716
Weighted average common shares outstanding			377,078						379,395						379,677						379,193
Net effect of assumed PSUs vested			—						1,378						—						1,746
Net effect of assumed RSUs vested			—						210						—						166
Diluted weighted average common shares outstanding			377,078						380,983						379,677						381,105
Diluted (Loss) Earnings per Common Share			$	(0.33)					$	0.10					$	(0.77)					$	0.32

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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